Total Safety U.S. Inc., a Houston, Texas-based portfolio company of DLJ Merchant Banking Partners, has acquired Wholesale Radio Rental Inc., a provider of portable communication devices for use in the petroleum, oil and gas and petrochemical industries. No financial terms were disclosed.
PRESS RELEASE
Total Safety, the global leader of integrated safety services and solutions, announces it has acquired the assets of Wholesale Radio Rental, Inc. which provides portable communication devices for use in the petroleum, oil and gas and petrochemical industries.
“We are very pleased about the management team and skilled employees of Wholesale Radio Rental joining Total Safety. The addition of Wholesale’s team and assets allows us to expand on an existing service line and more strategically and effectively provide safety and communication solutions to industry,” said David E. Fanta, President and CEO, Total Safety.
For over 15 years, Wholesale Radio Rental has provided intrinsically safe portable communication systems to a wide variety of industries concentrating primarily in the energy sector. Applications include maintenance shutdowns, turnaround services and unit start-ups. Wholesale Radio Rental has four locations – Houston, TX, Sulphur, LA, Baton Rouge, LA, and Benicia, CA.
“Total Safety is the perfect partner for us,” said Jimmy Foret, owner, Wholesale Radio Rental. “Their commitment to safety and customer service is something we wholeheartedly believe in, and being part of such a dynamic team is something we look forward to. This will be a benefit to our customers and employees.”
Specific financial terms of the acquisition were not disclosed.
About Total Safety
Total Safety, a DLJ Merchant Banking Partners portfolio company, based in Houston, Texas, is the world’s leading global provider of integrated safety strategies and the products necessary to support them: on-site safety services, turnaround safety support, gas detection, respiratory services, rescue services, safety training, fire services and engineered system design. Total Safety operates from 65 locations in 10 countries to ensure the safe Wellbeing of Workers Worldwide (W(3)). www.totalsafety.com.
About DLJ Merchant Banking Partners
DLJ Merchant Banking Partners (DLJMB) is a leading private equity investor that has a 23 year record of investing in leveraged buyouts and related transactions across a broad range of industries. DLJMB, with offices in New York, London, Los Angeles and Detroit, is part of Credit Suisse’s Alternative Investments business, one of the largest alternative asset managers in the world with more than $180 billion of assets under management.
About Credit Suisse
Operating in over 50 countries, the world’s leading bank, provides clients with investment banking, private banking, asset management services, advisory services plus comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients. Headquartered in Zurich, Switzerland, Credit Suisse’s parent company, Credit Suisse Group, is a leading global financial services company with registered shares (CSGN) listed in Switzerland and, in the form of American Depositary Shares (CS), in New York City. www.creditsuisse.com.
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